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Understanding Car Lease Residuals Boone NC

Residual value estimates can be different, depending on who is doing the estimating. One dealer who uses a particular lease company may offer a significantly different residual value than another dealer who uses a different company, for exactly the same vehicle and same lease.

Enterprise Rent-A-Car
(828) 355-5003
1435 Highway 105
Boone, NC

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Enterprise Rent-A-Car
(919) 732-5129
112 John Earl St # B
Hillsborough, NC

Data Provided by:
Enterprise Auto Rental
(704) 535-1550
619 N Sharon Amity Road
Charlotte, NC
 
Hertz - Brookshire Boulevard HLE
(704) 444-2746
3501 Brookshire Boulevard
Charlotte, NC
Hours
Mo-Fr 0800-1700, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Replacement Rentals When your car is in the shop for repairs.Insurance/Body Shop and Dealership/Service Center replacement rentals available at this location.for replacement rental reservations., Gold Counter Service , Pickup/Return Service:Available with a one hour advance notice and within 15 minutes from the Hertz Local Edition location. Contact the location to arrange for Pick Up service.
Additional Information
Located at B and R Body Shop. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(704) 334-8575
25 E 9Th St
Charlotte, NC
 
Hertz - Raleigh-Durham International Airport
(919) 840-4875
1017 Rental Car Road
Raleigh, NC
Hours
0600-0030 7 Days
Special Services
Child Seats, Gold Canopy , Hand Controls for Disabled Drivers Only In-Car Navigation System , Covered Return Center
Additional Information
After Hours - Meets commercial flights if reservation is received during regular business hours. After hour returns are allowed 0430-0600. Park the vehicle in the Return Center. Please leave the keys in the vehicle and place the rental agreement in the drop box located in front of the building.

Enterprise Auto Rental
(919) 790-1900
105 Capital Blvd
Raleigh, NC
 
Hertz - Moore County Airport HLE
(910) 692-5858
7985 Aviation Drive
Pinehurst, NC
Hours
Mo-Fr 0700-1900, Sa-Su 0900-1700
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Replacement Rentals When your car is in the shop for repairs.Insurance/Body Shop and Dealership/Service Center replacement rentals available at this location.for replacement rental reservations. In-Car Navigation System
Additional Information
After Hours - Meets scheduled commercial flights if the reservation is received during regular business hours. After hours returns are allowed during airport terminal hours 0600-2300. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Smith Reynolds Airport
(336) 744-0310
3800 Norfleet Drive
Winston Salem, NC
Hours
Mo-Fr 0800-1730, Sa 0800-1200, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park car in Hertz area, place keys and rental record in dropbox located on wall outside front of building.

Enterprise Auto Rental
(704) 348-4433
102 S. Tryon St.
Charlotte, NC
 
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Understanding Car Lease Residuals

Residual value ("residuals"), in car leasing, refers to the estimated — repeat, estimated — value of a leased vehicle at the end of the scheduled lease period. The longer the lease, the lower the residual value, as compared to the original MSRP sticker price.

Residual values play a key part in the calculation of lease monthly payments since leases are based on the difference between residual value and negotiated selling price. The higher the residual, the lower the lease cost for a given selling price. See .

What are residuals?
Car lease residuals are a statement of the expected depreciation of a vehicle's value over the life of a lease. The value can be affected by a number of factors, including expected average annual mileage, number of months in the lease, make/model vehicle, resale history, predicted future supply and demand, rise/fall in gas prices, and anticipated future economic conditions. In short, lease residuals amount to nothing more than an educated guess.

Who sets car lease residual values?
Residual value estimates can be different, depending on who is doing the estimating. One dealer who uses a particular lease company may offer a significantly different residual value than another dealer who uses a different company, for exactly the same vehicle and same lease. It is often misunderstood by consumers that residuals are fixed for a particular vehicle make and model.

There are industry sources (ALG...

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